Nigeria: CBN Unfolds Disbursement Plans for N220 Billion MSME's Fund to States, FCT

Abuja — From next month, the Central Bank of Nigeria ( CBN) will commence the disbursement of the N220 billion Micro, Small and Medium Enterprises ( MSME) Development Fund.

The Fund, which was launched last year by the apex bank under its micro-credit programme, was targeted at reducing poverty amongst the poorest of the poor across the federation, as part of its financial inclusion strategy for rural communities in the country.

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